Central Banking
Kganyago calls for lower inflation target and tighter policy
Sarb governor urges reform of South Africa’s troubled transport and electricity sectors
ECB has completed most of its rate hiking, says Villeroy de Galhau
Banque de France governor rejects trade-off between price and financial stability
Bailey raises possibility of setting bigger liquidity buffers
BoE governor says “we can’t assume” current buffers are still appropriate
CBDCs will change international monetary system – IMF panel
Bank of Mauritius governor says CBDCs may protect sovereignty and combat illicit financing
Demand for better homes fuels unsustainable house prices – RBNZ study
Researchers say higher interest rates can reduce demand for better quality homes
Hackers seize South Sudan central bank website
Group demands central bank act to make currency stronger against the dollar
FOMC members cut rate projections after banking turmoil
US labour market still too tight but banks’ problems may moderate demand, FOMC minutes say
US Treasury releases defi risk assessment
Lax adherence to AML/CFT requirements allows criminals to launder money
US CPI falls to lowest level since May 2021
FOMC members hint at different views on next monetary policy decision
BSP governor says Fed should be ‘more caring’
But Felipe Medalla says Philippines accepts reality of having to react to US monetary policy
Cuba will again allow dollar cash deposits
Decision reverses ban in place since June 2021
Eurozone faces risk of entrenched inflation – Villeroy de Galhau
Banque de France governor says higher core inflation indicates widespread pressures
FSB to draw lessons from banking stress
Nature of vulnerabilities and speed of recent crisis call for review of regulation, Klaas Knot says
Megan Greene to join Bank of England MPC
Kroll chief economist will succeed Silvana Tenreyro later this year
Currency round-up: De La Rue issues profit warning
Central African central bank to release new coins; and more
US banks still vulnerable to interest rate risk, IMF warns
“Supervisory lapses” appeared to be a factor in recent collapses, as many institutions remain exposed
Global economy will be ‘anaemic’ – IMF
Inflation falling, but central banks will only reach targets over 2024 and 2025
Olli Rehn selected as ESRB’s first vice-chair
Bank of Finland governor replaces former Sveriges Riksbank governor Stefan Ingves
Monetary easing appropriate for now, says new BoJ governor
Academic Kazuo Ueda takes over from dovish Haruhiko Kuroda
BoK pauses again as inflation slows
Governor Rhee Chang-yong warns against expectations of a rate cut this year
Central bankers cast doubt on utility of CBDC
“Element of Fomo” drives projects on even when purpose is unclear and resources lacking
Youth disconnect could create ‘less-skilled workforce’ – Dallas Fed
Declining labour force participation is detaching younger people from work, authors find
CBSL requests criminal proceedings against crypto schemes
Legal action could allow investors to recoup losses
Boston Fed expands programme to get people back into work
FedNow created high demand for IT roles, which sparked programme’s inception